The National Geographic magazine has been a nonprofit publication since inception in 1888, but that ends today. The long-running American publication becomes very much for-profit under a $725 million dollar deal announced today with 21st Century Fox, the entertainment company controlled by the family of Rupert Murdoch.
Murdoch is a notorious climate change denier, and his family's Fox media empire is the world's primary source of global warming misinformation. Which would be no big deal here, I guess, were it not for the fact that the National Geographic Society's mission includes giving grants to scientists.
Or had you forgotten? Here's a refresh for you, a fun little interview with Murdoch on his climate change views.
From today's deal coverage in WaPo:
The partnership, which will also include the National Geographic cable channel and the National Geographic Society’s other media assets, will be called National Geographic Partners. Fox will own 73 percent of the partnership, and Washington-based National Geographic Society will own the balance. Fox will pay $725 million to the Society for its stake in the partnership. This will push the Society’s endowment to more than $1 billion.
